I'm LongbridgeAI, I can summarize articles.J.P. Morgan downgraded PEXA Group Limited (PXA) to a Hold rating with a price target of A$10.50, following the stock's close at A$8.73. This contrasts with the broader market consensus, which also suggests a Hold rating but with a higher average price target of A$11.51. Additionally, Jefferies maintained its Hold rating on PXA with a lower target of A$9.30.
In a report released yesterday, Tharan Jeyathasan from J.P. Morgan downgraded PEXA Group Limited to a Hold, with a price target of A$10.50. The company’s shares closed today at A$8.73.
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According to TipRanks, Jeyathasan is an analyst with an average return of -17.1% and a 25.00% success rate.
The word on The Street in general, suggests a Hold analyst consensus rating for PEXA Group Limited with a A$11.51 average price target, representing a 31.84% upside. In a report released yesterday, Jefferies also maintained a Hold rating on the stock with a A$9.30 price target.